Company Number: 13216053

Analysis Date: 2025-07-29 15:50 UTC

1. Credit Opinion: APPROVE
   Revive Boiler & Heating Ltd demonstrates a solid financial position for a micro-entity in its sector. The company has shown consistent growth in net assets and net current assets over the last three years, with no overdue filings or signs of financial distress. The clean director record and stable ownership further support creditworthiness. Although small, the company’s liquidity and equity levels indicate it can meet short-term obligations and service debt, making it suitable for credit approval.

2. Financial Strength:
   The balance sheet shows steady improvement in net assets from £11.5k in 2021 to £40.9k in 2024. Fixed assets decreased slightly but remain modest at £6.4k, consistent with the company’s service-focused industry. Current assets are strong at £47.8k against current liabilities of £13.8k, yielding a healthy working capital position. Shareholders’ funds fully cover liabilities, indicating no gearing or insolvency risk. Overall, the company’s financial strength is sound for a micro-enterprise.

3. Cash Flow Assessment:
   Current assets are predominantly liquid or near-liquid, supporting operational needs. The net current assets of £34.5k provide ample short-term liquidity buffer. Reduction in current liabilities from prior year suggests improved creditor management or reduced short-term debt exposure. The increase in working capital and stable cash conversion imply the company can comfortably manage day-to-day cash flows and absorb minor fluctuations in cash requirements.

4. Monitoring Points:

• Maintain or improve net asset growth trajectory to support potential future credit expansion.
• Monitor receivables and payables aging to ensure continued liquidity strength.
• Watch for any deterioration in current ratio or increase in short-term liabilities that could pressure cash flow.
• Track director and ownership changes along with any late filings or compliance issues which could signal governance risks.